The elder James currently has a $52.6 million player option for next season. While many have expected him to play out that option, insider Anthony Irwin reported that there is a real chance the 40-year-old turns it down and instead signs a new two-year deal.

Apr 30, 2025; Los Angeles, California, USA; Los Angeles Lakers forward LeBron James (23) reacts during the first half in game five of first round for the 2025 NBA Playoffs at Crypto.com Arena. Mandatory Credit: Gary A. Vasquez-Imagn Images / Gary A. Vasquez-Imagn Images

As the Los Angeles Lakers enter the offseason, one of the biggest questions around the team is what the future holds for star forward LeBron James. James has a player option for $52.6 million, and many are expecting him to opt into the deal.